GOLD: main trend remains bullish

GOLD: main trend remains bullish

The main trend remains bullish. There're bullish patterns such an 'Inverted Hammer' and a "Hammer', which both have been confirmed. Also, the lower 'Window' has acted as support once again. Thus, the market is likely going to reach the upper 'Window' (1330.24) in the next couple of days. The subsequent pullback from this level could lead to a downward correction towards the Moving Average lines.

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XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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